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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: JohnM who wrote (229058)	8/9/2013 12:42:25 PM
From: Bread Upon The Water	Respond to of 542946

All good points, John, mostly to which I agree. I might dissent as bit as to laying it all/mostly at the feet of GWB, but that is a statistical/policy argument I can postpone unless somehow it effects the arguments to come surrounding what our national housing loan policy should be.

To: JohnM who wrote (229058)	8/9/2013 12:53:37 PM
From: bentway	Read Replies (1) \| Respond to of 542946

"And that, at least my reading at the moment, is largely the fault of the GWB administration." I agree. All the LEGAL underpinnings were there during the Clinton admin, yet no housing bubble occurred, no terrible mortgages were written, because Clinton believed in regulation and had regulators on the job. Bush turned his regulators into facilitators, wheel greasers, since he didn't believe in regulation and like Alan Greenspan, believed that "free markets" can regulate themselves. youtube.com I'm of the opinion that now, the pendulum has swung too far in the opposite direction, and lending standards need to be eased somewhat. Maybe 10% down instead of 20%.